

Getty Images Home prices in Nashville are up 56% since February 2020.

Home values in Phoenix shot up 25% over the past year.

They are Austin, Texas Nashville Phoenix and Sacramento, Calif. Palacios pointed to four other cities that became hot spots during the pandemic because of their lower cost of living and quality of life which will get slammed as mortgage interest rates climb and companies clamp down on remote work. “It is the single market that we anticipate actually getting to price declines in 2022,” Palacios told MoneyWise. Topping the list is Boise, Idaho, where residential housing has “reversed completely” this year, according to Rick Palacios, director of research at John Burns Real Estate Consulting. Home prices in “Zoom towns,” cities that boomed during the pandemic, are poised to plummet the most as the residential real estate market loses steam, industry experts said. House from Netflix hit still a nightmare for current owners Inside New Jersey’s real-life ‘Watcher House’ versus the Netflix homeĪnalysts warn US housing demand ‘cratered’ as rates ‘ensure’ recession Mitt Romney finds fast buyer for $11.5M Utah ski lodge as political future looms
